Cash Deposits Treated as Unexplained Set Aside Due to Lack of Hearing Opportunity

Chaman Lal Vs ITO (ITAT Chandigarh) The appeal before the Income Tax Appellate Tribunal, Chandigarh Bench arose from an order dated 04 February 2025 passed by the Commissioner of Income Tax (Appeals)/National Faceless Appeal Centre for Assessment Year 2017–18. The assessee challenged the confirmation of an addition of ₹1,77,13,895 made under section 69A of the Income-tax Act, 1961, treating cash deposits as unexplained money. Based on information from the Insight Portal (SFT-003), the Assessing Officer observed cash deposits aggregating ₹1,77,13,895 during FY 2016–17 in two current acc...